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This question was created from Given below are account balances for Charlie Company.docx

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This question was created from Given below are account balances for Charlie Company.docx https://www.coursehero.com/file/37964872/Given-below-are-account-balances-for-Charlie-Companydocx/

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37964872-279059.jpeg

37964872-279059.jpeg

Given below are account balances for Charlie Company:
Gross sales, $108,000
Sales returns and allowances, $4,000
Selling expenses, $12,000
Cost of goods sold, $40,000
Interest expense, $3,000
How much is the gross profit margin? (enter your percentage as a decimal rounded to two decimal
places. Example – enter 46% as .46)
 
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